- PNUT struggles to sustain gains above $0.200, with low trading volume and bearish sentiment dominating.
- A break below $0.1732 could lead to further declines, while holding support may trigger a rebound toward $0.1850-$0.200.
- RSI remains neutral, and MACD shows weak momentum, suggesting PNUT is in a volatile consolidation phase.
Peanut the Squirrel (PNUT) has lost momentum in the last 24 hours, struggling to hold onto its recent gains. After briefly climbing above $0.200, the token faced strong resistance, pulling back to $0.1743.Both trading volume and buying pressure appears to be weakening. The recent price action suggests growing volatility, with sellers pushing the price lower and causing doubt on the sustainability of the rally.
PNUT Struggles as Selling Pressure Increases
The low trading volume and the recent downturn suggests that selling pressure is dominating. PNUT’s failure to sustain levels above $0.200 signals weakness, and if this negative momentum continues, further declines could follow. With buyers struggling to regain control, the token remains vulnerable to additional corrections in the coming sessions.
According to current data, the Peanut the Squirrel (PNUT) token shows a 4.1% decrease in price. The downward price action indicates that sellers currently hold stronger momentum over buyers in the market. PNUT’s value in Bitcoin terms stands at 0.00052103 BTC while experiencing a 3.4% dip supporting the negative market outlook.
PNUT at a Crossroads: Key Levels to Watch
The $0.1732 support level will likely prevent PNUT from declining further before its price rises towards $0.1800 – $0.1850. A breakthrough of $0.1845 would lead PNUT towards $0.1900 or 0.20.
PNUT would fall below $0.1700 support in case the persistent bearish momentum breaks through $0.1732 support which would trigger the next support area between $0.1650 and $0.1680. The market outlook will depend on if buying strength takes control at this support level or if selling powers push the price down.
PNUT Consolidates as Technical Indicators Show Weak Momentum
The 4-hour (PNUT/USDT) chart shows a slight downward trend, with the price currently at $0.1742 (sell) and $0.1743 (buy). The RSI indicator is at 47.84, suggesting neutral momentum, neither overbought nor oversold.
The MACD indicator reflects weak momentum, with the MACD line at -0.0024 and the signal line at -0.0016.The counter shows minimal difference between its lines indicating weak bullish or bearish directional force. When the MACD line crosses into positive territory it points toward potential market recovery yet sustained downward market effects might continue as long as MACD stays negative.
Overall,PNUT currently is experiencing consolidation while showing moderate market volatility so traders must monitor essential support and resistance patterns for potential signs of movements.
(PNUT) Price Prediction March 19
According to Coincodex current Peanut the Squirrel price prediction, the price of PNUT is predicted to rise by 0.01% and reach $ 0.181137 by March 19, 2025 with an increase of 3.99% in Potential ROI.
